SCG Packaging, member of Siam Cement Group, has recently completed the acquisition of 55% shares in paper producer PT Fajar Surya Wisesa Tbk (FASW) for Rp9.6 trillion. At the last quoted price, Fajar Paper had market value of Rp20 trillion or 4.6 x equity as of June 30, 2019. Overvalued?To subscribe please click here
